FX.co ★ GBPAUD M5: Triple Top

The Triple Top pattern has formed on the chart of the GBPAUD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.9585/1.9592 with the upper limit 1.9600/1.9601; the projection of the width is 15 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 1.9585, the price is most likely to continue the downward movement.